Laker Airways Inc

Laker Plans New Transatlantic Air Service: Sir Freddie Laker, who pioneered low-cost transatlantic air service nearly two decades ago only to see his airline fail five years later, is giving it another go--but this time with a few frills. Laker and Texas oilman Oscar S. Wyatt Jr. said they will form a new carrier, Laker Airways Inc., to fly between Florida and Britain, Italy and Germany. "We think we will have an airplane in the air by Christmas," Laker said.

Laker Plans New Transatlantic Air Service: Sir Freddie Laker, who pioneered low-cost transatlantic air service nearly two decades ago only to see his airline fail five years later, is giving it another go--but this time with a few frills. Laker and Texas oilman Oscar S. Wyatt Jr. said they will form a new carrier, Laker Airways Inc., to fly between Florida and Britain, Italy and Germany. "We think we will have an airplane in the air by Christmas," Laker said.